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Budget: Rs. 107B for energy production

ISLAMABAD: The Federal Government has allocated Rs107 billion for power production, distribution and transmission in the budget 2023-24.

Minister for Finance Ishaq Dar told the National Assembly on Friday that the power production capacity has risen to 41,000 megawatts out of which 25 per cent is generated through hydropower.

the minister stressed the use of renewable energy to reduce national imports and reduce the cost of production.

He said improvement in distribution system, renewable energy and the use of water resources have been given special emphasis in PSDP.

He said the government will provide Rs12 billion for the completion of the Jamshoro coal power plant in the next fiscal year which will produce 1,200 megawatts of electricity.

He said that the government has allocated Rs16 billion to further expand the 500 KV transmission line project between Pakistan and Tajikistan.

For Suki Kinari, Kohala and Mahal hydro plant, the government has allocated Rs13 billion and Rs 6 billion for power distribution from the Dasu Hydropower plant, said the minister adding that to improve the capacity of existing grid stations of NTDC, the government has allocated Rs 5 billion.

To achieve the targets of sustainable development goals (SDG) the government has allocated Rs90 billion in the fiscal year 2023-24.


M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.

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